Taxes
New Year’s revelers may want to take note: The city plans an extra crackdown on party buses that shuttle people from bar to bar. Here’s the latest on that and what to expect in 2018.
Congress has passed the most significant tax code reform since Ronald Reagan was president. How will the sweeping overhaul impact your bottom line? We get advice and tax tips from two experts.
One change expected to hit individuals in states like Illinois particularly hard: A $10,000 limit on the amount of state and local taxes that can be deducted from your federal taxes. Previously, that deduction was uncapped.
Republicans in Congress have successfully passed tax legislation. Will a corporate-friendly tax overhaul help spur job and wage growth, or merely help the rich get richer?
Chicagoans will soon be paying a little more for ride-sharing services and for big concerts at places like the United Center and Wrigley Field. But with the soda tax long gone, what is the fate of county jobs?
Illinois Republican Congressman Peter Roskam says that criticisms of the recently passed House GOP tax cut bill are “hyperbole.”
Cook County Board President Toni Preckwinkle can expect easy passage of a revised spending plan, though Commissioner Jesus “Chuy” Garcia said he hasn’t made up his mind about how he’ll vote.
With the penny-per-ounce pop tax fizzled out, new plans to come up with the $200 million Cook County says it needs.
Bermuda is more than a lovely vacation destination. Apparently, it’s also one of the places very wealthy people—and companies—stash their cash to lower their taxes.
Tempers flare in Congress as House Republicans move quickly to overhaul the nation’s tax system. A look at the economic politics and policies at play.
GOP lawmakers delay releasing their tax overhaul. Can legislators agree on cuts that meet the president’s demands?
City budget hearings are underway. A panel of aldermen joins us with their take on the city budget and Chicago’s long-term fiscal health.
Mayor Rahm Emanuel says city finances are finally “back on track” after years of fiscal uncertainty and poor credit ratings. But does the claim hold true?
Some fee hikes and tax relief in the upcoming city budget. Mayor Rahm Emanuel is promising tax relief for homeowners as part of his 2018 city budget proposal.
Cook County Board President Toni Preckwinkle on why the soda tax failed—and what’s next.
Come December, Cook County shoppers and diners will no longer have to pay a much-reviled tax on sugary drinks after the county board voted Wednesday to repeal it.